SMM

SHANGHAI, Jul 4 (SMM) – The cost of LFP held steady last week. With the main raw material, lithium carbonate, experiencing a minor decrease in its price, firms have been building up their inventories. Top LFP enterprises were operating at a healthy rate, with orders dispatched on time. Battery factories' demand for LFP was significantly high, and purchase orders for July are projected to rise slightly, with potential electricity restrictions in August. Monthly LFP contracts should be monitored closely. It's anticipated that the price of LFP may dip slightly this week.